Interesting article in NY Times on the current skilled labor shortage in Iowa, and predictions for the near future:
"The state provides a small, advance view of what some economists predict will be a broader shortage of skilled workers in the next 20 or 30 years, as tens of millions of baby boomers retire from the workplace, and the economy produces more new jobs than workers. Potential consequences include slower economic growth and competitiveness, as well as higher wages for skilled workers and greater inequality.
Estimates of the national shortage run as high as 14 million skilled workers by 2020, according to widely cited projections by the labor economists Anthony P. Carnevale and Donna M. Desrochers."
Now here's why we have a growing problem of skilled workers: not enough college graduates. This is true of both boys and girls, but particularly of boys, of whom 2 million smart boys are kept out of college each year. For more on our work on this issue, see http://www.ScientistShortage.com
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